Designates Sartell as a Destination Medical Center Community and establishes a medical enterprise zone.

The bill designates the city of Sartell as a Destination Medical Center Community and establishes a medical enterprise zone. This zone allows for targeted tax incentives to be used for infrastructure and economic development costs related to medical development, technology, and medical manufacturing. The city council of Sartell will designate a geographic area within the city to collect newly established corporate taxes, individual income taxes, and state commercial-industrial property taxes, which will be used exclusively for medical enterprise purposes.

Designates Sartell as a Destination Medical Center Community and establishes a medical enterprise zone.

The bill designates the city of Sartell as a Destination Medical Center Community and establishes a medical enterprise zone. This zone allows for targeted tax incentives to be used for infrastructure and economic development costs related to medical development, technology, and medical manufacturing. The city council of Sartell will designate a geographic area within the city to collect newly established corporate taxes, individual income taxes, and state commercial-industrial property taxes, which will be used exclusively for medical enterprise purposes.